DOCSLIB.ORG

104 Tolworth Area Plan Draft for Consultation SUMMARY - OCTOBER 2017 PART A: SUMMARY

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
104 Tolworth Area Plan Draft for Consultation SUMMARY - OCTOBER 2017 PART A: SUMMARY Annex 1 Vision, urban design Economic analysis Property consultants Planning policy Transport and civil engineering & masterplanning 104 TOLWORTH AREA PLAN DRAFT FOR CONSULTATION SUMMARY - OCTOBER 2017 PART A: SUMMARY ABOUT TOLWORTH, AREA A T PLAN AIMS, PRINCIPLES & VISION PAR T B PAR C T PAR PART A About the Aims & purpose of the Tolworth today Engagement & consultation Tolworth Area Plan Tolworth Area Plan The Tolworth Area Plan sets out a future vision Tolworth is a suburban town located in the south- Hogsmill Open for Tolworth to help inspire new development and eastern area of the Royal Borough of Kingston Space initiatives capable of delivering physical, social upon Thames, which regards itself as distinct from 345 and economic improvements. The document will metropolitan London. It has a district centre located people attended engagement drop-in therefore help to focus discussions around the along Tolworth Broadway and a railway station which sessions A3 form and type of future development, promoting connects the area to central London. It’s significant Tolworth coherence and consistency between individual features include a large area of Metropolitan Hospital Tolworth projects. Open Land (MOL) and the largest area of Strategic Kingston Industrial Land (SIL) within the borough. Reflecting University Red Lion A3 5 Sports Ground The Tolworth Area Plan sets out a high-level vision its peripheral location, Tolworth’s character is derived Business A240 Park and flexible framework for change in Tolworth. The from its affordable housing, convenient retail offer, one to one local stakeholder meetings King George’s document will form part of the evidence base for the and easy access to employment centres in Kingston Field Hogsmill RBK Local Plan, and therefore forms part of a suite and central London. This accessibility also shapes Nature Reserve A240 of documents aimed at guiding Tolworth’s future Tolworth’s character by generating significant levels Chessington & Davis Road Industrial development. The preparation of the Tolworth Area of traffic and congestion, with associated poor air Estate (SIL) Plan has been informed through discussions and quality. 4 engagement with stakeholders and the wider public. walking workshops The hierarchy of the different ‘layers’ of guidance Previous regeneration strategies The engagement and consultation approach for comprise of the following: The previous regeneration strategy for Tolworth the Tolworth Area Plan makes a clear commitment The Royal Borough of Kingston upon Thames (RBK) — Area Plan ‘Vision Statement’ and ‘Guiding was produced by the RBK in March 2010. Since the to listening to local opinions. The team met with has commissioned an Area Plan for Tolworth, in Principles’ set out an overarching intent production of the Tolworth Regeneration Strategy, a members of the local community, including; collaboration with the General London Authority — ‘Urban Design Framework’ focuses on number of major sites have been developed or are residents, businesses and landowners, to get their (GLA) and Transport for London (TfL). The Tolworth improvements to the urban structure, movement the subject of live planning applications. views on Tolworth. A number of engagement events Area Plan (TAP) will help to inspire new initiatives and connectivity and the open space network have been undertaken to ensure a wide range of to transform the area, supporting communities and — ‘Transformation Areas’ set out the objectives opinions are captured, including: delivering economic growth and prosperity. for the specific areas, drawing on the strategic Local economy & London priorities and provide coordinated urban design It is important to understand Tolworth’s role and Stage 1 engagement: The consultant team is led by architecture and guidance for each of the areas as a whole function within the Royal Borough of Kingston upon — A SWOT workshop with RBK officers urbanism practice, We Made That, supported — ‘Opportunity Sites’ depict site specific Thames, the South London Partnership area and — A walking workshop with RBK councillors and by a team of specialists including Tibbalds, and illustrative guidance for key Area Plan Greater London. Despite the relatively large number officers Regeneris, Aspinall Verdi and Arup. The team have opportunity sites and how they fit within the of food outlets, Tolworth town centre is largely — ‘Remarkable Tolworth’ walking workshops been commissioned to work with residents and overarching Transformation Area intent. serving local population needs. The offer lacks real with invited members of the local community, businesses in the area to develop a co-ordinated diversity and the absence of a creative or cultural landowners and businesses vision and plan for change in Tolworth. The Tolworth Area Plan is not a statutory planning offering is acting as a barrier to attracting younger — A series of key local stakeholder meetings document. However the Tolworth Area Plan is visitors and residents to Tolworth. This document is the initial draft version of the capable of being a material consideration in planning Stage 2: Early engagement: Tolworth Area Plan (TAP) for the purpose of the decisions once it has been adopted by the council. — Three public engagement drop-in events inviting public consultation, taking place in autumn 2017. Opportunity for growth local residents and workers to discuss the future The consultation will provide the public and council The case for Crossrail 2 is compelling. It will improve of Tolworth. The events raised awareness of members with the opportunity to provide feedback the frequency of service and accessibility to and from the Tolworth Area Plan project and facilitated on the vision and proposed strategic ideas included Tolworth to central London and beyond, opening up open conversations about the findings within within the TAP. This feedback will then be processed access to a wider housing, job and leisure market. the appraisal work, aims, vision and guiding and incorporated into the final version of the Tolworth’s PTAL value, a measure of connectivity to principles. The public were invited to contribute Tolworth Area Plan. the public transport network, is good. With continued feedback and ideas. transport investment, this may increase in the future. 104 Tolworth Area Plan p 3 © VVE MADE THAT PART A RBK planning designations South West London’s growth Summary of appraisal & and comparator centres analysis study findings The consultant team carried out an appraisal and analysis study of Tolworth, to develop a comprehensive understanding of its historical, current and future context. The study provided an evidence base to develop strategic moves and projects . The appraisal and analysis study covered the following: — A spatial analysis of Tolworth exploring current land use, current ‘live’ developments and quality of green spaces — A review of current planning policy presented within local planning documents such as RBK’s Core Strategy and forthcoming Local Plan, along with London wide planning policy. A particular Investigating opportunities for new homes and growth focus was given to key planning designations The development opportunity within the TAP area that contribute both constraint and opportunity is currently heavily restricted by MOL designations, towards future development, static residential areas and developments which — A market analysis, exploring current demand in are already consented. An assessment of ‘live’ Current planning designations have been studied, In the Direction of Travel document (DoT) for RBK, the residential, office, retail and leisure sectors, developments shows all but two major sites coming in relation to the borough, Greater London and the the number of new homes and jobs for both Kingston taking into consideration projections relating to forward with permission of which a large proportion wider region. The figure above depicts the headline and Tolworth town centres is not defined. The 2015 Crossrail 2 contribute high densities to the area. planning designations across the TAP study area. London Plan has projected an addition of 6,434 new — An economic study focusing on Tolworth’s homes over the next 10 years, within the borough. key employment areas, local demographic Live developments including Tolworth Tower are The London Plan identifies that there will be an and economic activity examining the current delivering a large quantum of residential units addition of 13,000 jobs within the borough by 2036. performance of the district centre with regards demonstrating that there is already substantial The figures on the plan are potential growth numbers to local amenities and provision, and other change and housing growth taking place in Tolworth, from the ‘City in the West’ document by the Mayor of comparator centres within the Royal Borough of prior to the confirmation of Crossrail 2. This is London. The relationship to other areas of growth or Kingston upon Thames and London. reflected in the market analysis for residential defined opportunity areas has been a key spatial and — An audit of transport, movement and development in Tolworth which shows there is a high economic consideration. infrastructure within Tolworth investigating demand, although sales values are slightly lower issues around connectivity, along with air quality when compared with the surrounding area. and noise pollution. Opportunity Areas The industrial areas within the local area are Town centre boundaries Emerging Areas of Opportunity The
Load more

Recommended publications
  • For Sale Freehold Industrial Units of Interest to Investors and Owner Totalling 15,248 Sq Ft (1,416 Sq M) Approx Occupiers
    A DEVELOPMENT OF PART INCOME PRODUCING MODERN HIGH TECH LIGHT FOR SALE FREEHOLD INDUSTRIAL UNITS OF INTEREST TO INVESTORS AND OWNER TOTALLING 15,248 SQ FT (1,416 SQ M) APPROX OCCUPIERS UNITS A, B & C OAKCROFT BUSINESS CENTRE, OAKCROFT ROAD, CHESSINGTON KT9 1RH UNITS A, B & C OAKCROFT BUSINESS CENTRE, OAKCROFT ROAD, CHESSINGTON KT9 1RH 2 OPPORTUNITY SUMMARY A rare opportunity to acquire three high tech industrial units in a sought after inner M25 location. Located on the established Chessington Industrial Estate. Strategically situated approximately 1 mile from the A3 Kingston by-pass. Three self contained two storey units situated around a secure gated courtyard. Unit A let to Thales Properties until 24th June 2021 at £70,300 per annum. The lease is held inside the Landlord & Tenant Act. The Vendor will provide a 6 month rental guarantee reflecting a rent at £16.50 per sq ft for Units B & C, whilst Unit A rent is to be topped up for an equivalent period. Units B & C are available with full vacant possession. The asset provides 15,248 sq ft across the three units. Prime quoting rents in the area are now at £16.50 per sq ft. Site area 0.46 acres (0.186 ha). Freehold. We are instructed to seek offers in excess of £3,650,000 (Three million six hundred and fifty pounds) subject to contract and exclusive of VAT, reflecting a capital value at £239 per sq ft. UNITS A, B & C OAKCROFT BUSINESS CENTRE, OAKCROFT ROAD, CHESSINGTON KT9 1RH 3 LOCATION Chessington is an established industrial and warehouse centre within the south west quadrant of Greater London being located 12 miles south west of Central London, 3 miles south of Kingston upon Thames and 8 miles north of Leatherhead.
    [Show full text]
  • Greaterlondonauthority
    GREATERLONDONAUTHORITY REQUEST FOR DIRECTOR DECISION — DD1 491 Title: Commissioning Fund — Tolworth Area Plan Executive Summary: Approval was obtained in the High Street Fund report to PB in January 2015 for a £400,000 ‘Commissioning Fund’ to develop a pipeline of projects in areas of London where there is strong growth potential. This decision concerns a project in Tolworth, RB Kingston Deci5ion: The Executive Director approves expenditure of up to £50,000 of grant funding to the Royal Borough of Kingston towards its costs for the procurement and appointment of a consultant to produce a Regeneration Strategy for Tolworth, which will be referred to as the ‘Tolwofth Area Plan’. AUTHORISING DIRECTOR I have reviewed the request and am satisfied it is correct and consistent with the Mayor’s plans and priorities. It has my approval. Name: Fiona Fletcher-Smith Position: Executive Director Development Enterprise and Environment Signature: Date: 4f DD Template May 2014 1 PART I - NON-CONFIDENTIAL FACTS AND ADVICE Decision required — supporting report 1. Introduction and background 1.1 Approval was obtained in the High Street Fund report to IPB in January 2015 for a £400,000 ‘Commissioning Fund’ to develop a pipeline of well scoped regeneration projects in areas of London where there is strong growth potential, which may have had limited attention to date. The request was made in the light of advice from the High Street Fund moderation panel, that there was a lack of strong proposals from certain areas of London and in particular from some areas which have strong growth potential. The aim of the commissioning fund is to redress this imbalance.
    [Show full text]
  • APP/Z5630/W/16/3159298 Your Ref: 3
    Our ref: APP/Z5630/W/16/3159298 Alex Woolcott Your ref: 3159298 Winckworth Sherwood LLP Minerva House 5 Montague Close London SE1 9BB 12 September 2017 Dear Sir TOWN AND COUNTRY PLANNING ACT 1990 – SECTION 78 APPEAL BY SPENHILL DEVELOPMENTS LTD FORMER GOVERNMENT OFFICES, KING GEORGE’S GATE, SURBITON, KT6 7LE APPLICATION REF: 15/10074/OUT 1. I am directed by the Secretary of State to say that consideration has been given to the report of Philip J Asquith MA(Hons) MA MRTPI, who held a public local inquiry on 25-28 April 2017 into your client’s appeal against the decision of the Royal Borough of Kingston Upon Thames Council (“the Council”) to refuse your client’s application for planning permission for the redevelopment of the former Government Offices at King George’s Gate, Hook Rise South, Surbiton, KT6 7LE to provide a residential led, mixed-use scheme comprising buildings ranging from 3 to 18 storeys in height, providing 705 residential dwellings (Use Class A3); a mixture of Class A1/A3/D1/D2/B1 floor space (to include a 262sqm retail convenience store, a doctors [sic] surgery and day nursery) with associated car parking and bus interchange, in accordance with application ref: 15/10074/OUT, dated 13 March 2015. 2. On 20 October 2016, this appeal was recovered for the Secretary of State's determination, in pursuance of section 79 of, and paragraph 3 of Schedule 6 to, the Town and Country Planning Act 1990. Inspector’s recommendation and summary of the decision 3. The Inspector recommended that the appeal be dismissed.
    [Show full text]
  • Tolworth Tower OFFICES to LET on FLEXIBLE LEASE TERMS 2,985—69,147 SQ FT APPROX Tolworth Tower the BROADWAY, TOLWORTH, SURREY KT6 7EL
    Tolworth Tower OFFICES TO LET ON FLEXIBLE LEASE TERMS 2,985—69,147 SQ FT APPROX Tolworth Tower THE BROADWAY, TOLWORTH, SURREY KT6 7EL The A3 Kingston bypass provides easy access to central London and the motorway networks via junctions 9 and 10 of the M25 motorway. Tolworth railway station is within 250 yards (228 metres) of Tolworth Tower and offers a regular service to London Waterloo. Surbiton mainline station is also within easy reach. There are bus stops located just outside the building offering regular services to Kingston upon Thames and Surbiton Kingston 1.4 miles M25 9 miles M3 9 miles M4 9 miles Central London 13 miles Clapham Junction 19 miles London Waterloo 30 minutes Heathrow Airport 30 minutes Gatwick Airport 40 minutes Tolworth Tower THE BROADWAY, TOLWORTH, SURREY KT6 7EL Tolworth Tower is a landmark mixed-use building providing high quality office accommodation, retail and hotel facilities within an established commercial centre. Tolworth Tower provides office accommodation which is approached by an impressive reception area with high speed pressure lifts. AMENITIES The following amenities are available on most available floors: Impressive double height main reception area Suspended ceilings Energy efficient lighting High speed passenger lifts On site car parking 24 hour on site security Three compartment perimeter trunking Male and female WCs on each floor The retail element of the complex is anchored by a Marks and Spencer Simply Food, Boots the Chemist and The Broadway Bar Café. Tolworth Tower THE BROADWAY, TOLWORTH, SURREY KT6 7EL ACCOMMODATION FLOOR SQ FT SQ M AVAILABILITY TERMS Lease terms by arrangement.
    [Show full text]
  • Units​1,​2,​&​4​And​Unit​3,​366-370​Ewell​Road
    Lots​ ​14​&​15​ ​Units​1,​2,​&​4​and​Unit​3,​366-370​ Ewell​Road​,​ ​ ​Lot​14​-​£172,500​per annum​exclusive​(plus T​ olworth​,​ ​near​ Surbiton,​Greater​London​ ​KT6​7AZ​ small​Vacant​shop) Lot​15​-​Vacant​​ ​Prominently​Located​Retail​Parade​in​Affluent​Greater​London​Suburb​ 28 www. acuitus.co.uk Lots​ ​14​&​15​ Tenancy​and​accommodation ​Lot​14​-​£172,500​per annum​exclusive​(plus small​Vacant​shop) Lot​15​-​Vacant​​ Lot Unit Floor Use Floor Areas Tenant Term Rent p.a.x. Reviews (Approx) Key Details 14 1 Ground Retail 430.42 sq m (4,633 sq ft) SAINSBURY’S 15 years from £81,000 17/12/2018 (3) SUPERMARKETS 17/12/2013 until • Lot 14 (Units 1, 2 & 4) - Let to Sainsbury’s LIMITED (1) t/a 16/12/2028 (2) Local and HSL Chairs (plus small vacant Sainsbury’s Local shop) • Sainsbury’s let until 2028 (subject to option) 2 Ground Retail 358.98 sq m (3,864 sq ft) HIGH SEAT 20 years from £91,500 RPI linked and HSL Chairs let until 2033 (subject to LIMITED 05/11/2013 until reviews on option) - both with RPI linked rent reviews t/a HSL Chairs (4) 04/11/2033 (5) 05/11/2018 • Lot 15 (Unit 3) - Vacant and five yearly thereafter (6) • Nearby occupiers include Marks & Spencer, Boots the Chemist, B&M Bargains, Iceland, William Hill and WH Smith 4 Ground Retail 64.38 sq m (693 sq ft) VACANT - - - • Modern development on main road in popular and well-known South West London 15 3 Ground Retail 295.52 sq m (3,181 sq ft) VACANT - - - suburb On behalf of Receivers (1) For the year ending 11th March 2017, Sainsbury’s Supermarkets Limited reported a turnover of £23,234,000,000, pre-tax profits of Location £342,000,000 and a total net worth of £4,353,000,000 (Source: Experian Group 25/04/2018).
    [Show full text]
  • Lewis Co Marketing Template01
    The Old Mill, Old Malden Lane, Worcester Park, KT4 7QS ALL ENQUIRIES DESCRIPTION LOCATION Brick and Block constructed warehousing and office Situated approximately 13 miles southwest of Central buildings with external portable accommodation and yard London within the suburb of Worcester Park and the wider Epsom & Ewell Borough Council. Kingston By-Pass (A3) and space. A240 is within one mile of the site. The property totals 1.7 acres and currently includes 6,703 sq ft of office and warehouse accommodation. In addition, Tolworth Railway Station is within 25 minutes walking distance and provides frequent mainline services to ACCOMMODATION London Waterloo within 32 minutes. Building 1: 2,546 sq ft Heathrow Airport is 24 miles to the north west via the M25 motorway, with Gatwick Airport 22 miles to the south. Building 2: 2,792 sq ft Building 3: 1,119 sq ft External Storage Shed: 246 sq ft Total: 6,703 sq ft COLLINGHAM HOUSE, 6-12 GLADSTONE RD, WIMBLEDON, SW19 1QT | +44 (0)20 3940 5575 | WWW.LEWISCO.CO.UK The Old Mill, Old Malden Lane, Worcester Park, KT4 7QS TERMS VIEWING The property is available to let and for sale, terms on Viewing strictly by prior appointment with the Joint application. sole agents: EPC Alex Lewis MRICS On application. [email protected] RENT VAT +44 (0) 20 3940 5575 On application. TBC. +44 (0) 7815 788 825 RATES Claudia Harley BSc (HONS) Interested parties are advised to make their own [email protected] enquiries with the local authority. +44 (0) 20 3940 5561 +44 (0) 7563 393 940 MISREPRESENTATIONS ACT: Lewis&Co for themselves and for the vendors/lessors of the property whose agents they are, give notice that: 1.
    [Show full text]
  • Bostick Isthmian Football League
    Bostick Isthmian Football League 2020-21 By John Aitken Bostick Isthmian Football League The symbols are for road and public transport are listed below: = Local Bus = Coach = Car = Railroad = London Underground Transport = Walking = Metro Ferry = DLR = London Overground John Aitken The Editor Club Colours Copyright Historical Football Kits and reproduced by kind permission. http://www.historicalkits.co.uk 2 Rymans Isthmian Football League Premier Division (Level 7) 46 Rymans Isthmian Football League Division One North (Level 8) 78 Rymans Isthmian Football League Division One South Central (Level 8) 100 Rymans Isthmian Football League Division One South East (Level 8) Bostick Isthmian League Page 1 Bostick Isthmian Football League This is Step 7 on the Pyramid League and step 3 Football Association leading to either Conference South or North Leagues and below is the chart of how the clubs can work their way from the bottom to the top of the non-league pyramid from level 11 to Level 6 Level 6 Football Conference North Football Conference South (National Conference North Division) (National Conference South Division) I Level 7 I Isthmian Football League Premier Division I I I Isthmian Football League North East, South Central and West Division One Level 8 I I Level 9 Bostick Isthmian League Page 2 Bostick Isthmian Football League Premier Division Step 3 on the Non-League pyramid. AFC Hornchurch Ground - Hornchurch Stadium Bridge Avenue Upminster Essex RM14 2LX Tel.: 01708 220080 Fax. 01708 227931 Nickname(s) The Urchins Founded 2005 Ground Capacity 3,500 (1,090 Seated) Ground Guide The ground has a capacity of 3,500 with the ground having seating for 800.
    [Show full text]
  • RB Kingston / Transport for London Liaison Meeting Notes Monday 8Th
    RB Kingston / Transport for London Liaison Meeting Notes Monday 8th November 2010 10.30am, Palestra Present: Shamoon Ahmed – TfL, Project Management Centre SA Deon Bailey – TfL, Highways Operations Team DB Justin Bennett – Metropolitan Police JB Anya Bownes – TfL, London Routes and Places AB Dave Cowling – TfL, Project Management Centre DC Gary Coxall – TfL, Highways Operations Team GC Stuart Dayman – TfL, Highways Operations Team SD Paul Dearman – RBK, Neighbourhood Engineering PD Mufu Durowoju – TfL Foward Planning MD Frank Hagan – TfL, Development Planning FH Carlene Hughes – TfL, London Routes and Places CH Carl Jones - TfL, Project Management Centre CJ Peter McBride – TfL, Borough Projects and Programmes PM David McKenna – TfL, London Routes and Places DM Ian Price – RB Kingston IP Brian Richmond - TfL, Project Management Centre BR Simon Roberts – TfL, London Routes and Places SR Apologies: Barry Allen – RBK, Neighbourhood Engineering BA Sylvia Andonopoulos – TfL, Project Management Centre S.An Peter Blaine – TfL, Borough Projects and Programmes PB Mike Cook – TfL Project Management Centre MC Jackie Ford – TfL, Development Planning JF Matt Jezzard – RBK, Neighbourhood Engineering MJ Peter Theiler – TfL, Forward Planning PT Minuted by Carlene Hughes Issue Action 1. Introduction 1.1 The purpose of these liaison meetings is to ensure regular communication between RB Kingston’s Neighbourhood Engineering team and Transport for London (London Routes and Places, Borough Projects and Programmes, Development Planning, Project Management Centre and Highways Operations teams). The meetings will take place every two months. 2. RB Kingston schemes 2.1 Garrison Lane Carriageway reconstruction on Garrison Lane will go ahead in August-October 2010, up to the junction with the A243 Leatherhead Road.
    [Show full text]
  • Tolworth Tower
    Tolworth Tower A LANDMARK OFFICE BUILDING Office Space Available On new flexible lease terms at a competitive rental Tolworth Tower THE BROADWAY, TOLWORTH, SURREY KT6 7EL The A3 Kingston bypass provides easy access to central London and the motorway networks via junctions 9 and 10 of the M25 motorway. Tolworth railway station is within 250 yards (228 metres) of Tolworth Tower and offers a regular service to London Waterloo. Surbiton mainline station is also within easy reach. There are bus stops located just outside the building offering regular services to Kingston upon Thames and Surbiton Kingston 1.4 miles M25 9 miles M3 9 miles M4 9 miles Central London 13 miles Clapham Junction 19 miles London Waterloo 30 minutes Heathrow Airport 30 minutes Gatwick Airport 40 minutes Tolworth Tower THE BROADWAY, TOLWORTH, SURREY KT6 7EL Tolworth Tower is a landmark mixed-use building providing high quality office accommodation, retail and hotel facilities within an established commercial centre. Tolworth Tower provides office accommodation which is approached by an impressive reception area with high speed pressure lifts. AMENITIES The following amenities are available on most available floors: Impressive double height main reception area Suspended ceilings Energy efficient lighting High speed passenger lifts On site car parking 24 hour on site security Three compartment perimeter trunking Male and female WCs on each floor The retail element of the complex is anchored by a Marks and Spencer Simply Food, Boots the Chemist and The Broadway Bar Café. Tolworth Tower THE BROADWAY, TOLWORTH, SURREY KT6 7EL ACCOMMODATION FLOOR SQ FT SQ M AVAILABILITY FLOOR SQ FT SQ M AVAILABILITY 21st 8,404 780.73 Available now 8th (suite 1) 2,060 191.4 Available now 20th 7,254 673.90 Available now 8th (suite 2) 303 28.14 Available now 19th 3,177 295.15 Available now 8th ( suite 6) 1,348 125.22 Available now 18th 8,404 780.73 Available now 14th 8,199 761.68 Available now TERMS 13th 8,223 763.91 Available now Full repairing and insuring lease for a term by arrangement.
    [Show full text]
  • Tolworth Tower Estate
    THE CONTENTS BUILDING P9 10 The Hotel 11 Tolworth Tower Estate 12 Site Plan THE 13 Tolworth Tower: Estate in the Future OPPORTUNITY 14 Tenure & Tenancy 15 Covenant 2 Travelodge Tolworth 16 Travelodge CVA Summary 17 Residential Market P3 P18 THE LOCATION THE 4 Overview PROPOSAL 5 Tolworth 7 Crossrail 2 19 The Proposal 8 Area Plan 20 Contact Details 2 THE OPPORTUNITY THE 132 £10.65M BEDROOM OFFERS IN EXCESS OF OPPORTUNITY HOTEL (SUBJECT TO CONTRACT) £682K 6.0% Situated in Tolworth, an affluent commuter area, with excellent transport links to central London. PASSING RENT NET INITIAL (PER ANNUM) YIELD Located in a highly accessible area near to Tolworth Railway Station and the Kingston Bypass (A3). 132-bedroom hotel which forms part of a landmark mixed-use development. Provides a total net internal floor area of 42,894 sq ft (3,985 sq m). Let to Travelodge Hotels Ltd for an effective remaining term of 21 years. The tenant also has an option to extend the lease for a further 25 years upon expiry. Category A hotel in June 2020 CVA with all contractual rent & arrears fully paid. Low passing rent of £682,440 per annum reflecting £5,170 per bed per annum. The rent is subject to upward only 5 yearly uncapped CPI linked rent reviews. Based upon the CPI Index, the rent will rise to a minimum* of £735,840 pa (£5,575 per bed) in Oct 2022. New virtual freehold (999 years remaining). Significant development upside through conversion to residential with a GDV in excess of £20M.
    [Show full text]
  • The London Rail
    A B C D E F G H Towards Towards Towards Towards Towards Towards Aylesbury Hemel Hempstead Luton Stevenage Stevenage Stansted Airport Luton Airport Parkway Outside fare zones, Welwyn Garden City Hertford North Hertford East St Margarets London’s Outside fare zones Watford Junction Oyster not valid. Hatfield Bayford Harpenden Welham Green Ware Chesham 9 St Albans City Brookmans Park Cuffley Outside fare zones Rye Amersham Potters Bar House Watford High Street Radlett Hadley Wood Crews Hill Rail & Tube 6 Broxbourne Cockfosters Gordon Hill Bushey Elstree & Borehamwood New Barnet Chalfont & 8 Enfield Chase Cheshunt Epping Latimer Watford Oakwood 7 8 High Barnet Towards 5 Grange Park Theydon Bois Chelmsford services Carpenders Park Theobalds Waltham Outside Oakleigh Park Grove 6 7 8 and Southend Towards Chorleywood Southgate Cross Debden fare Croxley Totteridge & Whetstone Enfield High 7 Winchmore Hill Town zones Turkey Loughton Wycombe Rickmansworth Street Hatch End Edgware Woodside Park Arnos Grove Shenfield New Southgate Enfield Lock Moor Park Palmers Green Southbury Buckhurst Hill Stanmore Mill Hill Broadway West Finchley Bounds Bush Hill Brentwood 1 1 6 Headstone Lane Green Park Brimsdown Chingford Northwood Roding 5 West Ruislip Burnt Oak 4 Mill Hill East Valley Grange Hill Canons Park Ponders End Northwood Bowes Park Hills Harrow & Wealdstone Colindale Chigwell Finchley Central Edmonton Green Highams Hainault Hillingdon Ruislip Harold Wood Queensbury Hendon Central Alexandra Wood Green Meridian Water Park Pinner 5 Woodford Ruislip Manor
    [Show full text]
  • Intermodal Passenger Flows on London's Public Transport Network
    Intermodal Passenger Flows on London’s Public Transport Network Automated Inference of Full Passenger Journeys Using Fare-Transaction and Vehicle-Location Data by Jason B. Gordon B.A., University of California, Berkeley Submitted to the Department of Civil and Environmental Engineering and the Department of Urban Studies and Planning in partial fulfillment of the requirements for the degrees of Master of Science in Transportation and Master in City Planning at the Massachusetts Institute of Technology September 2012 © 2012 Massachusetts Institute of Technology. All rights reserved. Signature of Author . Department of Civil and Environmental Engineering Department of Urban Studies and Planning August 10, 2012 Certified by . Nigel H.M. Wilson Professor of Civil and Environmental Engineering Thesis Supervisor Certified by . Harilaos Koutsopoulos Professor of Transport Science, Royal Institute of Technology Thesis Supervisor Certified by . John P. Attanucci Lecturer & Research Associate, Department of Civil and Environmental Engineering Thesis Supervisor Accepted by . Alan Berger Professor of Urban Studies and Planning Chair, Master in City Planning Committee Accepted by . Heidi M. Nepf Professor of Civil and Environmental Engineering Chair, Departmental Committee for Graduate Students Intermodal Passenger Flows on London’s Public Transport Network Automated Inference of Full Passenger Journeys Using Fare-Transaction and Vehicle-Location Data by Jason B. Gordon Submitted to the Department of Civil and Environmental Engineering and the Department of Urban Studies and Planning on August 10, 2012 in partial fulfillment of the requirements for the degrees of Master of Science in Transportation and Master in City Planning AbstrAct Urban public transport providers have historically planned and managed their networks and services with limited knowledge of their customers’ travel pat- terns.
    [Show full text]